answersLogoWhite

0


Best Answer

When you either voluntarily give up the house or you stop making payments (foreclosure).

User Avatar

Wiki User

βˆ™ 14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: We filed chapter 7 bankruptcy. When can the bank take the house?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you filed chapter 13 and joint bank acct was garnished will they to unfreeze your funds?

In the state of North Carolina it is illegal for any organization to garnish your wages. I'm not sure the state that you filed your Chapter 13 bankruptcy, but my suggestion is contact your bankruptcy attorney and tell him the situation.


How can a civil judgment be placed after bankruptcy Mortgage included in bankruptcy and after discharge bank filed civil judgment for amount of mortgage Can they do thid?

Assuming a Chapter 7 was filed, if you did not surrender the property to the bank, the bank would file for relief from stay and be able to pursue foreclosure. If you surrendered the property, the mortgage balance was discharged and the bank was in violation of the automatic stay. A notice of the bankruptcy should have been filed with the court the bank sued you in. You cannot ignore legal procedures taken against you after a discharge. You have to respond appropriately.


Where is an Advanta card accepted?

Avanta credit cards are no longer accepted anywhere. This bank was shut down and filed for bankruptcy under Chapter 11 in November of 2009.


When must a bank charge off a credit card?

When you have filed Bankruptcy.


Where can one find more information about Washington Mutual?

Washington Mutual was a bank from 1889 until 2009 when it filed for Chapter 11 bankruptcy. The bank was purchased by the J.P. Morgan Chase Company in September 2008.


How do you get the house out of your name after you filed Chapter 7 Bankruptcy If the bank forgives the loan?

i had file chapter 7 2001,the city i live keep sending notice to clean up perperty u ,it been over 11 years since the property i close up moved out ,i get fines ,pull my licence,driver licince how do i get the property out of my name , the bank will not take it what should i do?


Will filing chapter 13 bankruptcy affect a recent joint bank account?

If you have filed for bankruptcy as an individual, rather than as a couple, then you are only filing on your personal debts. Following this logic, only those funds that are yours (so your share of the bank account, if that is possible) will be "up for grabs." Your bankruptcy status should not have an effect on your partner.


Can a bank take your deposits out of your account after you have filed for bankruptcy?

no because you have no money idiot


Can you change a joint bank account with a parent before chapter 7 bankruptcy in ny state?

Yes you can change a joint bank account before a Chapter 7 bankruptcy. You should have your finances in order before you file a bankruptcy.


If a married couple no longer living together own a house and one files bankruptcy should the person filing bankruptcy surrender the house so other can keep house or will it cause other person to lose?

The party that filed bankruptcy will be protected as far as the collections process is concerned. The bank will in response expect the party who has not filed bankruptcy to make all the remaining payments. If this happens, you may want to consult with a lawyer ASAP so that you are making payments on a house that will be co-owned by an X.


Can you open a separate bank account if you filed for bankruptcy jointly and are now separated from your spouse?

yes...if the bank agrees.


If a bank repossesses a car do they have to return it if you file Chapter 7 bankruptcy?

No.